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UPDATE: Vimpelcom Posts Q4 Net Loss

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Russian company Vimpelcom (NASDAQ: VIP) reported a net loss in the fourth quarter.

Vimpelcom posted a quarterly net loss of $2.7 billion, versus a year-ago profit of $195 million. However, analysts were expecting a profit of $437 million.

Its revenue slipped 7% to $5.6 billion, while earnings before interest, taxation, depreciation and amortisation declined 3% to $2.4 billion.

Vimpelcom shares closed at $9.80 yesterday.

Posted-In: lossEarnings News


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